Acquisition to add prominent clients
Anya Polytech & Fertilizers Ltd (NSE – ANYA), a listed company engaged in the business of Fertilizers, has acquired 60% of the paid-up equity share capital of Polyfilm Packaging Pvt Ltd which has its manufacturing facility in Bhopal.
This strategic investment highlights Anya commitment to enhancing production capacity and addressing the growing demand of its customers, Anya said on 8 Mar.
This acquisition will lead to the addition of prominent clients to its portfolio including Rastriya Chemicals & Fertilizers Limited (RCF), Hindustan Petroleum & Chemicals Limited (HPCL), and Vizag Steels Limited.
The newly acquired facility spans an area of 6,250 sqm, with a built-up area of 4,070 sqm. It is equipped with a 7 TPD JP Tape Plant, along with automated 20 Circular looms, a Bag cutting Machine, and an 8 Color Online Printing & Lamination setup.
“This acquisition will significantly strengthen our ability to meet orders in Central India, offering numerous advantages such as shorter lead times, increased production volumes, and improved conversion costs,” said Anya. As a result of this acquisition, PPPL became a subsidiary company of Anya Poly tech & Fertilizers Limited.
Polyfilm is engaged in the business of manufacturing of HDPE/PP bags with polyethylene or polypropylene materials and can be laminated and unlaminated. For the FY23-24, the company has reported revenues of Rs.2.56 crore.
The Company has recently completed its public issue on NSE SME Emerge platform and raised Rs.44.80 crore to fund its future growth and expansion plans. Public issue of the company comprised of a fresh issue of 3.22 crore equity share at an issue price of Rs.14 per share.
For FY24, the company has reported net profit of Rs.9.97 crore and revenue of Rs.125.05 crore.
For the Q1FY25 ended June 2024, the company has reported revenue of Rs.40.73 crore and Net profit of Rs.4.54 crore. Company aims to expedite the growth and improve the financial performance in coming quarters.
Incorporated in 2011, Anya Polytech & Fertilizers Limited is engaged in the business of Fertilizers and bags manufacturing and also provides environmental solutions. The company manufactures high-quality High-Density Polyethylene (HDPE) & Polypropylene (PP) bags and Zinc sulphate Fertilizers. The Company began commercial production in January 2013. Fiinews.com
